CWI Underwriters Blog

Known as the “Venice of America” due to its intricate canal system, Ft Lauderdale is one of the most popular of Florida's cities. This is particularly true amongst yachting enthusiasts, with a 2006 survey from the Greater Fort Lauderdale Convention & Visitors Bureau finding that the city contained over 100 marina and boatyards. As many of its residents live in an area which has a high risk of flooding, Ft Lauderdale insurance needs are unique.

The city lies mostly in a Special Flood Hazard Area (SFHA) and is considered an area particularly prone to flooding after severe weather or natural disasters. As flooding is not covered in homeowners' insurance cover for this hurricane-prone region, residents are asked to purchase separate flood insurance to protect their homes and personal property. As part of a plan to reduce homeowners' insurance premiums, the City of Ft Lauderdale participates in a flooding awareness scheme promoted by the National Flood Insurance Program (NFIP).

The scheme, known as the Community Rating System, provides information concerning the minimization of flood damage and promotes the sensible management of flood plain areas. In return Ft Lauderdale residents receive a discount of around 15 percent on their flood insurance premiums. Should you require further information about Ft Lauderdale insurance in general or would like to request a quote for flood insurance in your area, contact one of our agents to arrange a consultation. With CWI Underwriters, you can get the coverage you need for everything. Contact us today for more information!

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